Vietnam gets French loan to upgrade for power grid

Vietnam will get a 75 million Euro credit from France to upgarde its power transmission network.

It will also benefit the installation of the 500 kV Pleiku-My Phuoc-Cau Bong power line, the backbone of the network that will transmit power from the central region of Vietnam to the south.

The line, which is 437km long and crosses five provinces and Ho Chi Minh City, is expected to go into operation at the end of 2013.

It will help transmit electricity imported from Laos and Cambodia into Vietnam in the time to come, said Dang Phan Tuong, Chairman of the Board of Management of the National Power Transmission Corporation, an arm of Electricity of Vietnam.

The agreement was signed in Hanoi  by Vietnamese Deputy Minister of Finance Truong Chi Trung and French Minister for the Francophone Yamina Benguigui.

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